Huadian Energy: The company's A-shares stock price deviation from the average closing price over three consecutive trading days on March 9, March 10, and March 11, 2026, reached a cumulative 20%.

Huadian Energy announced that, on March 9, 2026, March 10, 2026, and March 11, 2026, the Company’s A-share stock’s cumulative deviation value of the daily closing price increase reached 20% within three consecutive trading days. Pursuant to the relevant provisions of the 《Shanghai Stock Exchange Trading Rules》, this situation falls under abnormal fluctuations in stock trading. The Company disclosed on March 12, 2026 on the website of the Shanghai Stock Exchange the 《Announcement on Abnormal Stock Trading Fluctuations》. On March 12, 2026, the Company’s stock hit the daily trading limit again. The latest trailing price-to-earnings ratio for the power, heat production and supply industry the Company belongs to is 26.77x, and the Company’s latest trailing price-to-earnings ratio is -1530.83x. The latest price-to-book ratio for the industry the Company belongs to is 2.47x, and the Company’s latest price-to-book ratio is 7.46x. The Company’s latest trailing price-to-earnings ratio and latest price-to-book ratio are both higher than the industry average level, and the trading risk is relatively high.